I’d love to know the internals here. Is equity being split? Seems like a legal minefield to split a company like this. Amp was built by Sourcegraph, so I assume all investors and employees of Sourcegraph now get equity in Amp?
I have no insight, but I would assume it's a 1-1 sort of split, that is that everyone that previously had one share of sourcegraph now has one share of sourcegraph and one of amp? That seems like the least legally fraught way to do it.
the good thing is that you afterwards the cap table of the subsidiary or the spunoff can evolve (ex: waymo / amp can raise money independent of the parent company).